CCFD Board Gives Financial Updates

During Wednesday's meeting of the Central Coventry Fire District Board of Directors, members scheduled the district's Annual Meeting for Oct. 21 at 7 p.m. at Coventry High School. During this meeting, taxpayers will have an opportunity to vote on a proposed budget and tax rate for 2013-2014.

Click here for additional coverage of this meeting.

In addition, Board members reported the following points regarding CCFD's financial status:

• Maureen Jendzejec stated that the district has collected $1.1 million in taxes since July, which includes the most recent quarterly payment due and any supplementary payments that have been received. As of Wednesday, the district's uncollected tax balance was $809,184.50. 

• CCFD Tax Collector Pam Fontaine and Town Tax Assessor Pat Picard have been reviewing the district's property tax roll for any discrepancies and were expected to finalize it by the end of the week.

• Helen Quinn explained that the fire district recently received a $10,000 credit from its insurance provider which would have been used to insure the district's ladder truck that was recently returned.

• According to Board President Fred Gralinski, CCFD currently has approximately $600,000 in the bank. When asked about the repayment status of the $300K loan to CCFD from the Town, he explained that it is currently on hold per court order and will likely be until after the next round of quarterly tax payments start being received.